Susan M. Collins President & CEO Federal Reserve Bank of Boston Says Economic Uncertainty Is Elevated; Wage Growth Consistent With Path Back To 2% Inflation
Portfolio Pulse from Benzinga Newsdesk
Susan M. Collins, President & CEO of the Federal Reserve Bank of Boston, has stated that economic uncertainty is currently elevated, according to Reuters.
April 11, 2024 | 4:24 pm
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NEGATIVE IMPACT
The statement by Susan M. Collins about elevated economic uncertainty may lead to increased volatility in the SPY ETF, as it reflects broader market sentiment.
Statements from Federal Reserve officials often have a direct impact on market sentiment and can lead to increased volatility, especially in broad market ETFs like SPY that track the performance of the S&P 500. Given the current context of elevated economic uncertainty, investors might react negatively, leading to potential short-term declines in SPY.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80